Monetary Policy Uncertainty: A Tale of Two Tails
Abstract
Over the past two decades, expectations about the future of monetary policy has become a useful agent used by households and firms as they make spending and investment decisions. As central banks worldwide recognize the role of these expectations, there has been a push to set specific macroeconomic targets and transparently communicate future actions to achieve those targets. In PERC working paper 1808, PERC Fellow Tatevik Sekhposyan and coauthor Tatjana Dahlhaus study the link between monetary policy uncertainty and interest rate predictability, as well as the effects of the uncertainty on the larger economy.
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Citation
Sekhposyan, Tatevik; Dahlhaus, Tatjana (2019). Monetary Policy Uncertainty: A Tale of Two Tails. Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library. Available electronically from https : / /hdl .handle .net /1969 .1 /199326.